Wall Street's main indices fell Thursday as investors sold shares in Google's parent Alphabet, which posted lower-than-expected profit and a sharp drop in free cash flow while keeping big AI spending. The tech-heavy Nasdaq Composite dropped 1.4 percent, and Alphabet shares fell over 10 percent on concerns that AI search could undermine Google's ad business. In Europe, indices advanced on strong results from Shell and TotalEnergies, which benefited from Middle East supply disruptions that lifted prices and refining margins, while crude shed around two percent on renewed US-Iran diplomatic efforts. Samsung Electronics posted record quarterly profits but missed expectations in its chip division, and South Korea's Kospi fell 1.2 percent. Microsoft beat revenue and profit forecasts on its Azure cloud business, and its shares added 0.8 percent.
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 725.61 |
| Change that session | +0.60% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 772.31 |
| Change that session | +0.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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